Michael Burry, known for his role in "The Big Short," has issued a warning that a significant drop in Bitcoin's price could lead to a $1 billion sell-off in gold and silver. Burry argues that despite Bitcoin being a speculative asset rather than a safe haven, there is a "contaminated" liquidity link between them. He suggests that if Bitcoin's price collapses, potentially to $50,000, it could trigger a "collateral death spiral," forcing speculators and funds to liquidate other assets, including tokenized precious metal futures, to meet margin calls or deleverage. Burry notes that recent declines in gold and silver prices are partly due to forced liquidations caused by downturns in the crypto market.
Michael Burry Warns Bitcoin Crash Could Trigger $1 Billion Gold and Silver Sell-off
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